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Court sets aside Sebi order denying licence to MCX-SX‎

Posted on 15 March 2012

The Bombay High Court on Wednesday directed the Securities and Exchange Board of India (SEBI) to reconsider an application filed by MCX Stock Exchange (MCX – SX) to set up an equity trading platform.
The capital market regulator rejected MCX-SX’s application in September last, saying that the bourse had failed to comply with the norms on the shareholding structure stipulated for a stock exchange………………………………………..Full Article: Source


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